This course examines the workings and interactions among national economies in the global arena and the implications for macroeconomic policy analysis. Topics include analysis of international financial asset markets, international capital flows and the transmission of business cycles internationally. A series of both factual and counterfactual case studies are developed in class and used to study the implications for central bank exchange rate policies, monetary policies, trade policies, currency and trade unions such as the EEC and NAFTA, and international policy coordination issues among the G7 and members of the International Monetary Fund more broadly.

Class Format: lecture/discussion

Requirements/Evaluation: two midterm exams and one final term paper focused on an international macro policy topic of the student's choice

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Prerequisites: ECON 252 (Intermediate Macro)

Enrollment Preference: Economics majors, and particularly to those wishing to write an honors thesis in related areas of interest